USA: Sara Lee Corporation advances reshaping program

In a move to continue to streamline its business portfolio, Sara Lee Corporation announced today its intent to divest 8 companies, including Champion Europe, Sara Lee Apparel Australasia, several international bakery operations -- including the UK bakery - Ozark Salad Company and the Spanish processed meats company, Argal. Since Sara Lee first announced its reshaping program in May 2000, it has announced plans to divest 14 companies, representing more than $4.5 billion in revenue.

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